Inspeq Raises $1.1M to Expand Internationally, Tackling AI Performance Issues
Irish full-stack AI Ops platform Inspeq has raised $1.1M in funding for its Generative AI maintenance, following ridicule of Google’s Generative Search Experience, which generated incorrect and dangerous responses to users worldwide.
Addressing AI Performance Issues
Inspeq’s platform assists developers working on Gen AI development, from testing and evaluation to monitoring, performance, and guardrailing of B2B and Enterprise AI applications. The company claims to reduce security and hallucination issues by up to 80% and has yielded a 90% improvement in the performance of LLMs.
Image: AI Performance Issues
Expansion Plans
With the new funding, Inspeq AI plans to expand its team in Applied AI, Data Science, and Full Stack Development, and extend its operations in Ireland, London, and India. The funding round is led by specialist AI investment firm Sure Valley Ventures, with participation from Delta Partners.
Investors and Founders
Other backers include Founders, a talent accelerator funded by NDRC, Plug and Play, as well as a number of leading angel investors, including Ex-MD of Meta Ireland Rick Kelly, Ex-VP of Salesforce Cyril Treacy, Head of EMEA at Gong Shantanu Shekhar, Senior Director of Data & AI at BT UK Debjani Roy, Cork tech angels Bill and Leonard Lynch, and unicorn founders Gaurav Singh Kushwaha and Prateek Dixit.
“Recent cases of production-grade Gen AI applications going wrong have highlighted the challenges businesses face in scaling Gen AI. By using Inspeq AI as an ops layer, businesses can overcome these bottlenecks, ensuring trust, safety, and ethical standards.” - Apoorva Kumar, CEO and Co-Founder of Inspeq AI
Image: Inspeq Founders
Inspeq’s Mission
Inspeq’s founders, Apoorva Kumar and Ramanujam Macharla, previously worked at Microsoft, Meta, Amazon, and LinkedIn in building and leading robust and scalable AI products, before leaving to found Inspeq AI. The company plans to expand its team and operations, helping businesses develop production-grade Gen AI applications that deliver immense benefits to their customers.
Image: Gen AI Applications
